Blockchain.com just announced the largest Airdrop in the history of Crypto worth $125 Million. The wallet provider will be distributing Stellar (XLM) tokens for every verified user as a part of the Airdrop.
The Blockchain Wallet has over 30 Million users on its platform, as a way to celebrate the addition of Stellar (XLM) onto their wallet the company is giving away $125 Million worth of XLM Tokens. Each verified user will be receiving $25 worth of tokens which means over 5 Million users will be able to take part in the Airdrop.
Blockchain mentions in their Blog:
Starting today, in celebration of adding full support for XLM in the Blockchain Wallet, we’ll begin giving away $125,000,000 of Stellar (XLM) to YOU, our users. With nearly 30M Blockchain Wallets to date, we’re excited to add an entirely new way for users to get their first crypto.
To receive the Airdrop, users have to register Here with their email ID, once the verification is complete the user will be added to the list which will be on a first come first serve basis. The registered users will also be eligible for future giveaways.
— Blockchain (@blockchain) November 6, 2018
So why the Airdrop?
Blockchain.com has partnered with Stellar to give away an enormous amount of money, probably the biggest giveaway ever. But why would they do that?
The company explains:
We have partnered with the Stellar Development Foundation (stellar.org) to give free Stellar Lumens (XLM) to Blockchain Wallet users. XLM is a token that enables quick, low cost worldwide transactions
There is no such thing as free money in this world, the company got criticized for giving away free money. Over 97 Billion XLM Tokens were pre-mined a large portion of which is held by the company. There will be an increase in the adoption of the token after the distribution which could help Stellar to be more eligible for the Coinbase listing and to be deemed as a non-security.
Thank you for reading the article. Wishing you a very Happy New Year from team Blockmanity 🙂
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